The rights and privileges hereby granted to the company, its successors and assigns, are subject to applicable provisions of the Iowa Code, including, but not limited to, the restrictions and limitations of Iowa Code chapter 364 (2007) or as subsequently amended or changed, this code, any other applicable statutes or regulations promulgated by federal or state agencies under federal or state laws, all of said laws, codes, ordinances, statutes and regulations as presently enacted or subsequently amended. The company reserves the right to challenge or contest the city's interpretation or application of any of said laws, codes, ordinances, statutes, and regulations. The city may make such lawful and reasonable amendments to the provisions of this code affecting or regulating the company in its operation of the electric utility, as the city deems necessary and proper, within the scope of its authority as authorized by the constitution and code of Iowa. The franchise granted herein shall not restrict in any manner the right of the city in the exercise of any power which it now has or which may hereafter be authorized or permitted by the constitution or laws of the state of Iowa. (Ord. 07-4294, 11-27-2007)